CRGY

Over the past six months, Crescent Energy Co. reported strong Q2 2026 results, with revenue increasing by 55.3% year-on-year to $1.39 billion and adjusted EPS beating analyst expectations by 16.5%, alongside a 29.6% year-on-year growth in oil production. On October 8, 2026, the company announced an agreement to acquire Eagle Ford assets from Devon Energy Production Company for an estimated net purchase price of approximately $3.85 billion, financed partly by a $1 billion stock offering and a $2 billion bridge facility. Following this announcement, Moody's Ratings revised its outlook on Crescent Energy Co. to positive from stable, affirming its Ba3 Corporate Family Rating due to enhanced operational scale and expected debt reduction. CRGY's share price increased by 43.27% from September 29, 2025, to September 28, 2026, but has recently declined by 2.84% over the previous week and 12.39% over the last month as of October 8, 2026.